Remodeled Duplex with Rental
For Sale
$415,000
7423 Terry St, Fort Smith, AR 72916
Two updated units feature equipped kitchens, in-unit laundry, and pet-friendly accommodations.
Property Size2,500 SF
Price / SF$166
Days on Market56
Property Features for 7423 Terry St
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
in-unit washer and dryer
fully equipped kitchens
pet-friendly accommodations
Building Details
Buildings
1
Listing Agency:
O'neal Real Estate- Fort Smith
(479) 242-4609
Listed By:
Bradford & Udouj Realtors
(479) 646-5539
Source:
Bradfordudouj
Added: Aug 23
Changed: Oct 16
Last Checked: Oct 16 at 9:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of O'neal Real Estate- Fort Smith
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Investment Insights
Based on property information with market context.
This 2,500 SF duplex includes two three-bedroom, two-bathroom units, each with an equipped kitchen and its own washer and dryer. Recent remodeling added updated finishes, while pet-friendly accommodations support flexible occupancy options. One unit is furnished and operating as a short-term rental; the other is vacant for owner occupancy or leasing.
The property is located on Terry Street in Barling’s Chaffee Crossing area, with convenient access to I-49, shopping, dining, the Arkansas College of Osteopathic Medicine, and employers within the surrounding development. The property is also offered with the possibility of purchasing a portfolio of three duplexes.
The property is located on Terry Street in Barling’s Chaffee Crossing area, with convenient access to I-49, shopping, dining, the Arkansas College of Osteopathic Medicine, and employers within the surrounding development. The property is also offered with the possibility of purchasing a portfolio of three duplexes.
Key Highlights
- 2,500 SF duplex with two 3‑bedroom, 2‑bathroom units
- One unit furnished and operating as a short‑term rental
- One vacant unit suitable for owner occupancy or leasing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,579
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,580
$331.6K
Cap Rate 7%
$236,843
$236.8K
Cap Rate 9%
$184,211
$184.2K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$25.5K $10.20/SF
− Vacancy
−$1.8K −$0.73/SF
EGI
$23.7K $9.47/SF
− OpEx
−$7.1K −$2.84/SF
NOI
$16.6K $6.63/SF
Area
Sebastian County, AR
Vacancy
7.12%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,580
Cap Rate 7%
$236,843
Cap Rate 9%
$184,211
Alternative Uses
Best Use
Multifamily LT 5
$236.8K
$207.2K – $276.3K
NOI $16,579 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$211.5K
$185.1K – $246.8K
NOI $14,805 @ 7.0% cap · market cap 3.57%
Theoretical Best
Healthcare Medical
$531.9K
$465.4K – $620.6K
NOI $37,233 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 72916, AR
10,250
Population
4,720
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
92%
High-School Grad
37.7 sq mi
ZIP Area
272
Density / Sq Mi
$88,125
Median Household Income
$51,444
Median Earnings
$1,212
Median Rent
$257,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated units feature equipped kitchens, in-unit laundry, and pet-friendly accommodations.
Where is this duplex located?
The property is located at 7423 Terry St Fort Smith, AR.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,500 SF duplex with two 3‑bedroom, 2‑bathroom units; One unit furnished and operating as a short‑term rental; One vacant unit suitable for owner occupancy or leasing
